Luxury home sales in Hong Kong have smashed previous records, the city's biggest realtor said Thursday, despite government measures to cool a market that has rebounded from the global financial crisis.

Lam Yuet-fung expected 1,000 people a day to visit his booth at a five-day convention in Shenzhen starting Oct. 1 to inquire about buying homes in neighboring Hong Kong. By day four, more than 10,000 had stopped by.

Hong Kong's government sold a prime residential site to unlisted Chinachem Group at an auction Wednesday for HK$2.17 billion (US$279.9 million), short of market expectations as developers expressed concern about new rules governing an apartment's ...

Hong Kong may today sell a building site for almost 60 percent more than what a developer promised to pay to trigger the auction as home prices in the city defy government curbs to climb to a 13-year high.

Hong Kong's construction and completion of residential units both doubled in the first quarter from the previous three months, the government said on Friday, as it tries to increase supply to cool the overheating property market.

The number of used home sales in some of Hong Kong’s biggest private housing estates jumped 90 percent over the weekend, defying government measures to curb prices that have surged almost 50 percent since early last year.